Hammerson completes sale of 50% stake in VIA outlets for €307m

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StockMarketWire.com – Shopping centre owner Hammerson said that it had completed the sale of its 50% interest in VIA Outlets to the APG Strategic Real Estate Pool, a mutual fund managed by APG Asset Management, for €307 million.

The transaction was based on a gross asset value for Hammerson’s share of the VIA portfolio of €644 million and represented a net initial yield of 6.5% and an 18.3% discount to gross asset value as at 30 June 2020, the company said.

At 9:45am: [
LON:HMSO] Hammerson PLC share price was -0.69p at 15.62p

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